The Boeing Company reported third-quarter revenue of $24.3 billion with core earnings per share (non-GAAP) of $2.72 through Sept. 30. The company says these results reflect strong deliveries, services and delivery mix, and overall solid execution.
The company's cash flow guidance is increased to $12.5 billion, driven by improved performance in all of the company’s broad units.
“Our teams across all three business segments are driving execution with a focus on both productivity and growth, which has enabled Boeing to deliver solid third quarter financial results, grow cash flow, and raise our 2017 outlook,” said Chairman, President and Chief Executive Officer Dennis Muilenburg.
“We achieved a number of key milestones in the quarter with the delivery of a record 202 commercial airplanes, including 24 737 MAXs as we continue the smooth introduction of that airplane. On the defense side, we booked $6 billion in new orders, including an initial contract award for the Ground Based Strategic Deterrent program and an award from the U.S. Navy for 14 F/A-18 Super Hornet aircraft.”
Its CEO says Boeing remains focused on accelerating productivity, quality and safety improvements across the company, executing on our future development programs, and capturing new business to ensure continued growth.